Canada’s national median home listing price this month is $290,900, which means that Mount Hope is in the top 20% for Canada.
While the median for Ontario is $349,900 , which means that Mount Hope’s median price is $466,950 considerably better than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
From our data, it appears that neighbourhood is number 1795th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
Can we guarantee how well Mount Hope is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Will prices rise across the next year in in Mount Hope? There are a number of real estate indicators to consider.
In Mount Hope, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.